We are living in a golden age of SPAC exploration, reports Fortune magazine in the latest installment of The Bull Sheet. It’s the great SPAC race. Take your protein pills and put on your helmet.
These lesser-scrutinized blank-check IPOs, often backed (or just pumped) by a celebrity, are hitting the market at a furious pace. According to Dealogic, SPAC IPOs have raised $38.3 billion so far this year. The markets are well on their way to surpassing $300 billion in new SPAC listings this year—a four-fold increase on 2020, the so-called “year of the SPAC.” Read more.
